Sensex rose 612 points to 71752

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Stocks rally on positive expectations ahead of interim budget: A look at the conclusion of the US Federal Reserve meeting

MUMBAI: Despite the possibility of no provision of tax changes being announced in the final Union Budget (Interim-Interim Vote on Account) of the current term of the Modi government to be presented tomorrow-Thursday, the Indian today took positive expectations of new tax-free incentives to the salaried class, entrepreneurs and market investors. There was a boom in the stock markets. Along with domestic positive factors, the US is on the global front. Funds rallied today, led by banking-finance stocks, on signs that interest rate cuts may begin in March ahead of a late-evening decision at the Federal Reserve's meeting. Along with this, the third quarter results of the companies included automobile frontline-heavyweight stocks Maruti Suzuki, Tata Motors, Mahindra & Mahindra along with banking-finance stocks Bajaj Finserv, State Bank of India, HDFC Bank, Axis Bank, ICICI Bank as well as Reliance Industries with encouraging results from Sun Pharma. Funds were levied. Among other frontline stocks, Ultratech Cement, Wipro, HCL Technology, Power Grid Corp also gained traction, Sensex rose 612.21 points to 71752.11 and Nifty 50 spot index rose 203.60 points to close at 21725.70.

Maruti Suzuki shares rise to Rs 226 as profit jumps 33%: Eicher, Tata Motors, Mahindra rally

In automobile companies stocks, funds bought heavily today on strong third quarter results of the companies. Maruti Suzuki's quarterly net profit rose 33 per cent to Rs 3,307 crore and total revenue rose 14.5 per cent to Rs 33,512.8 crore, with funds buying shares up Rs 226.05 to Rs 10,183.30, Eicher Motors Rs. 134.55 up to Rs.3840.60, Tata Motors up by Rs.24.95 to hit a new all-time high of Rs.884.20, TVS Motor up by Rs.41.95 to Rs.1999.80, Mahindra & Mahindra up by Rs.33.65 Rs.1653.85, Cummins India increased by Rs.45.55 to Rs.2281.10, Bajaj Auto increased by Rs.97.05 to Rs.7663.55, MRF increased by Rs.1789.05 to Rs.1,42,512.45 , Apollo Tires increased by Rs.7.85 to Rs.539.70. The BSE Auto Index rose 763.22 points to close at 43995.

Bankex jumps 664 points: Bank of Baroda rises on good results: State Bank, HDFC rise

Funds again bought heavily in banking-finance stocks today. Bank of Baroda's quarterly net profit rose 19 percent to Rs 4,579 crore and total income rose to Rs 31,416 crore from Rs 27,092 crore, the stock rose by Rs 10.40 to Rs 247.70. Along with this, State Bank of India increased by Rs.14.05 to Rs.640.65, IDFC First Bank increased by Rs.1.62 to Rs.84.26, AU Small Bank increased by Rs.11.40 to Rs.636.70, Axis Bank It increased by Rs.13.60 to Rs.1067.45, HDFC Bank increased by Rs.18.05 to Rs.1462.25, ICICI Bank increased by Rs.11.60 to Rs.1027.90. The BSE Bankex index rose 663.81 points to close at 51999.08.

Daulat Algotech, Paisalo Digital, Angel, IFCI, PB Fintech rose among finance stocks.

Financial services, other banking stocks also witnessed a broad bullish storm today. Daulat Algotech rose Rs.14.87 to Rs.89.24, Paisalo Digital rose by Rs.13.66 to Rs.131.50, IFCI rose by Rs.5.56 to Rs.61.16, PB Fintech rose by Rs.91.20 to Rs. .1002.80, ICICI Securities rose by Rs.50.95 to Rs.821.75, Angel One rose by Rs.192.05 to Rs.3284.25, PNB Gilts rose by Rs.5.60 to Rs.117.58, HUDCO rose by Rs. 8.20 rose to Rs.172.50, Prudent Advisor rose by Rs.67.60 to Rs.1444.

Shares of Sun Pharma Industries rise by Rs.60 to Rs.1432 as profit rises by 16%: Dr. Reddy's gains by Rs.254

Shares of healthcare-pharmaceuticals companies were buoyed by good quarterly results today. Sun Pharma Industries' quarterly net profit increased by 16.5 per cent to Rs 2,524 crore, with share buybacks up by Rs 60.60 to Rs 1,432.20. Dr. Reddy's Laboratories increased by Rs.254.25 to Rs.6100, Shilpa rose by Rs.35 to Rs.352. 50, Vimta Labs rose by Rs.33.40 to Rs.455.95, Max Healthcare rose by Rs.44.85 to Rs.781.45, Narayan Hludalya rose by Rs.65.15 to Rs.1316.55, Syngen International rose by Rs.34. 25 increased to Rs.750.70. The BSE Healthcare Index rose 880.39 points to 33816.

Aggressive rally by funds in IT stocks again: Vakrangi, KPIT, Sonata, Apple India, Tanla rose

Funds in IT-software services, technology stocks also rallied aggressively today as the BSE IT index rose 323.59 points to close at 37358.72. Vakrangi rose by Rs.5.03 to Rs.30.18, KPIT Technology rose by Rs.94.80 to Rs.1550.85, Sonata rose by Rs.33.15 to Rs.767.75, Affle India rose by Rs.47.50 to Rs. 1240.40, Tanla Platforms rose by Rs.29.15 to Rs.1029.25.

Realty stocks Prestige, Brigade, Macrotech, Shobha rose on expectations of incentives in the housing sector

In the housing sector, the funds were drawn into realty stocks in anticipation of provision in the budget including incentives for affordable housing for the economically weaker sections. Prestige Estate rose by Rs.49.30 to Rs.1268.85, Brigade Enterprises by Rs.37.30 to Rs.1023.75, Macrotech Developers by Rs.37.60 to Rs.1072.60, Shobha Developers by Rs.44.40. 1446.90, DLF rose by Rs.14.45 to Rs.802.35.

Reliance gains again by Rs 38 to Rs 2853: Funds rally in Vedanta, Hindalco, Jindal Steel

Shares of Reliance Industries increased by Rs 38.35 to Rs 2853.20, ONGC rose by Rs 3.25 to Rs 252.45 due to repurchase of funds. Funds were also buying into metal-mining stocks. Vedanta rose by Rs 7.45 to Rs 273.80, Hindalco rose by Rs 10.10 to Rs 579.35, Jindal Steel rose by Rs 10.40 to Rs 757, SAIL rose by Rs 1.30 to Rs 122.50. , Tata Steel rose by Rs.1.20 to Rs.135.90.

Broad bullish storm in small, mid cap stocks: Marketbreadth positive: 2411 stocks close positive

Market breadth was positive in small, mid cap, cash stocks today as funds, sportsmen, high net worth investors once again created a massive bullish storm. Out of the total 3914 scrips traded in BSE, the number of gainers was 2411 and the number of decliners was 1411.

FPI/FII's net purchase of Rs.1661 crore in cash, DII's net purchase of Rs.2542 crore

Foreign portfolio investors-FPIs, FIIs had a net purchase of Rs.1660.72 crore in cash today-Wednesday. A total of Rs.24,393.31 crore was sold against a total purchase of Rs.26,054.03 crore. While DII-domestic institutional investors had a net purchase of Rs.2542.93 crore worth of shares today. A total of Rs.13,053.96 crore was sold against a total purchase of Rs.15,596.89 crore.

The asset-market capitalization of investors in stocks increased by Rs.4.58 lakh crore to Rs.379.78 lakh crore.

Sensex, Nifty based again bullish with small, mid cap, funds in cash stocks, widespread buying by high net worth investors Investor wealth i.e. Aggregate market capitalization of BSE listed companies increased by Rs 4.58 lakh crore to Rs 379.78 lakh in a single day today. Crore was.

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